The Cefa Brief

ComentáriosConstataçõesPerspectivasExplicativos

Tema

Population & Ageing

2 textos

Textos

  • PerspectivaMacroeconomics & Markets

    Two participation rates moved apart, and that gap is where ageing would enter the arithmetic

    Headline participation gained 0.7 points between 2020 and 2025 while participation inside the 25-54 band gained 2.2, and the two rates divide by different populations. That gap is the shape an ageing population would take in a labour statistic, but none of these series counts anybody's age, so the shape is all it is.

  • ConstataçãoEconomic Security

    Real output per person rose again in 2025, by less than in any earlier year of the window

    Output per person has risen at every reading, from 61,127 chained 2017 dollars in 2020 to 69,749 in 2025, but the step into 2025 is 1,068 dollars and it is the smallest of the five. The total the figure is drawn from slowed in the same year, adding 0.49 trillion dollars against 0.64 in each of the two years before it, so the flatter step is not a story about population alone.